Richard A. Bianco - Aug 1, 2023 Form 4 Insider Report for AmBase Corp (ABCP)

Role
CEO, Director
Signature
/s/ Richard A. Bianco
Stock symbol
ABCP
Transactions as of
Aug 1, 2023
Transactions value $
$0
Form type
4
Date filed
8/3/2023, 04:38 PM
Previous filing
May 30, 2023

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction ABCP Common stock Gift $0 -700K -77.56% $0.00 203K Aug 1, 2023 Direct F1
transaction ABCP Common stock Gift $0 +700K +97.22% $0.00 1.42M Aug 1, 2023 BY UGMA F1, F2
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 On August 1, 2023, the reporting person gifted 700,000 shares to a Uniform Gift to Minors Act Account for the benefit of his grandchildren. The reporting person retains voting control of the shares. Pursuant to Rule 13d-4, the reporting person disclaims beneficial ownership of the transferred shares to the extent he does not have a pecuniary interest in such shares.
F2 Includes 1,420,000 shares held in a Uniform Gift to Minors Act Account for the benefit of the reporting person grandchildren. The reporting person retains voting control of the shares, but pursuant to Rule 13d-4, he disclaims beneficial ownership of the shares to the extent he does not have a pecuniary interest in such shares.